- So-Young International (SY, Financial) will change its ADS ratio, which will take effect on June 30, 2025.
- The ADS ratio will shift from 13 ADSs for 10 Class A ordinary shares to 1 ADS for 15 Class A ordinary shares.
- The transition will occur automatically, with existing ADSs canceled and new ADSs issued.
So-Young International Inc. (Nasdaq: SY), a leading aesthetic treatment platform in China, has announced a significant adjustment to its American Depositary Shares (ADS) ratio. The company will modify the ratio from 13 ADSs representing 10 Class A ordinary shares to 1 ADS representing 15 Class A ordinary shares. This adjustment, comparable to a reverse ADS split, is scheduled to take effect at the open of trading on June 30, 2025.
The changes will occur automatically, with the cancellation of the current ADSs and issuance of new ones by the depositary bank. The transition will not impact the company's Class A ordinary shares, and ADS holders will not need to take any action. So-Young International will continue trading on Nasdaq under the ticker symbol 'SY'.
Following the change in ADS ratio, the individual ADS price is expected to rise proportionally. However, So-Young has made it clear that they cannot guarantee the post-change ADS price will meet or exceed the expected proportional value. The company also noted that fractional ADSs will be combined, sold, and the net proceeds distributed to the respective holders.
As the industry's digital leader, So-Young International continues to connect consumers with online services and offline aesthetic treatments. Despite the technical adjustments, the company's strategic focus on enhancing its market position and providing high-quality aesthetic services remains steadfast.
